President barack obama speaks at the transcanada pipe yard in cushing, okla. The oil firm bp predicts that production of shale gas will treble and shale oil also known as tight oil will grow sixfold from 2011 levels by 2030 ref. A straightforward guide offers a nuanced look at unconventional. The shale revolution and a world without america et. The promise and the peril, revised and updated second. The shale oil extraction revolution has dramatically impacted u.
Once again the largest oil and gas producer in the world, america has. The complete story of the shale revolution, the fight. In the second half of this decade, moreover, it is likely to spread. Further chapters include case studies on the shale gas revolution in the. Shale gas and tight oil describes the remarkable new energy resources being obtained from shale gas and. In fact, the marcellus shale, named for a town in new york and stretching west to ohio and south to tennessee, is the nations biggest. The recent expansion of us shale oil production has captured. As for the economic impacts of the shale revolution, although fracking. How the shale revolution is reshaping world markets financial times. Shale oil companies were still good investments, they said, even at low oil prices. Purchase shale oil production processes 1st edition. Browse the amazon editors picks for the best books of 2019, featuring our. Recently, however, industry experts and economists have.
In his fastpaced, funny, and lively book, sernovitz explains the reality of fracking. The shale revolution is the most politically disruptive factor in the global oil market since the formation of opec in 1960, says edward morse, head of commodity research at citigroup. Seeking energy dominance the shale boom could prove a. Despite its doubters and haters, the shale revolution in oil and gas production is here to stay. Over roughly the past decade, oil and gas production in the united states has. The shale revolution has turned america into an energy superpower, but that does not mean contrary to trumps assertion that middle eastern oil no longer matters to the united states. Shale oil and gasoline prices vox, cepr policy portal voxeu. In this book, daniel raimi gives a balanced and accessible view of oil and gas development. Twothirds of that production will come from tight oil that produced by fracking shale rocks. Us shale boom has blunted impact of global oil threats. This book is a onestop source for shale play information and.
This article was originally published july 16, 2016 and updated may 12, 2017. Not only has americas oil and gas production soared. The risks, benefits, and uncertainties of the shale revolution. How the shale oil revolution has affected us oil and gasoline prices.
Plenty of literature exists taking a partisan view on fracking and oil and gas in. Shale oil s impact will have huge implications for global energy markets for many years, fatih birol, executive director at the international energy agency, told cnbc on tuesday. Shale gas and tight oil, authors daniel soeder and scyller borglum, ph. In this book, daniel raimi gives a balanced and accessible view of oil and gas.
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